there are some other signs they don't really get it, as far as dealing with students. the most obvious one to me is requiring teams to be on site in lexington. first, commuting from boston or cambridge is a pain if you don't have a car (there's certainly no T or commuter rail, maybe bus or bike if you're extraordinarily motivated), and second, the hours of a VC certainly aren't compatible with the hours of a startup hacker unless they plan to have kids roaming around the office park at 2am (right..)
it'll be interesting to see how these summer programs continue to segment themselves to accommodate niches that are generally excluded by yc (techstars/single founders, highland/students, etc., ) most amusingly the "mistakes" :)